Bill
Bill > S3691
summary
Introduced
02/17/2022
02/17/2022
In Committee
02/17/2022
02/17/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
AI Summary
This bill, the Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022, aims to terminate the taxpayer financing of presidential election campaigns. Specifically, it would amend the Internal Revenue Code to: (1) end the ability of taxpayers to designate a portion of their income tax payments to the Presidential Election Campaign Fund, and (2) terminate the Presidential Election Campaign Fund and the accompanying account that provides public financing for presidential candidates. The remaining funds in the account would be transferred to the general fund of the Treasury to be used for deficit reduction.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Read twice and referred to the Committee on Finance. (on 02/17/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/3691/all-info |
| BillText | https://www.congress.gov/117/bills/s3691/BILLS-117s3691is.pdf |
| Bill | https://www.congress.gov/117/bills/s3691/BILLS-117s3691is.pdf.pdf |
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